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Fiscal First Half Year Ended September 30, 2025 Financial Results November ７, 2025
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2 22 Summary Financial Results for Six Months Ended September 30, 2025 Financial Forecast for FYE March 31, 2026 Operating Profit 550.0 bil. yen ・ Profit for the year 300.0 bil. yen While depreciation of the yen is expected to have a positive impact on profit, we revised the forecast to reflect the anticipated decline in production volume caused by semiconductor supply shortage, as well as lower sales in the Automobile business. Motorcycles: While sales in Vietnam are projected to decline, this decrease is expected to be offset by growth in other regions, keeping total sales at 21.3 million units. Automobiles: Sales forecast is revised from 3.62 million units to 3.34 million units due to the decline in sales volume mainly in China and ASEAN (down 0.17 million units), and the impact of semiconductor supply shortage in North America (down 0.11 million units) Operating Profit 438.1 bil. yen Motorcycles: Although sales in Vietnam declined, global sales remained strong, primarily driven by growth in Brazil. For the six months ended September 30, we achieved the record-high sales volume, operating profit, and operating margin. Automobiles: While price revisions had a positive impact, profit decreased due to tariff impacts and one-time expenses related to EVs. Operating cash flows after R&D adjustment 1,281.3 bil. yen
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3 33 Six Months Ended September 30, 2025: Consolidated Financial Results Yen (billion) Six Months Ended September 30 2024 2025 Amount Change Sales revenue 10,797.6 10,632.6 - 164.9 - 1.5% Operating profit 742.6 438.1 - 304.4 - 41.0% Operating margin 6.9% 4.1% - 2.8 pt Share of profit (loss) of investments accounted for using the equity method - 20.7 10.8 + 31.6 - Profit before income taxes 741.9 527.4 - 214.5 - 28.9% Profit for the period attributable to owners of the parent 494.6 311.8 - 182.8 - 37.0% Earnings per share attributable to owners of the parent (Yen) 103.25 76.30 - 26.95 Market average rate (Yen) U.S. Dollar 153 146 - 7 * + weak yen / - strong yen *
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4 44 Consolidated Financial Forecast for FYE March 31, 2026 Yen (billion) FYE March 31, 2025 Results FYE March 31, 2026 Revised forecast Amount Change Change from previous forecast Sales revenue 21,688.7 20,700.0 - 988.7 - 4.6% - 400.0 Operating profit 1,213.4 550.0 - 663.4 - 54.7% - 150.0 Operating margin 5.6% 2.7% - 2.9 pt - 0.6 pt Share of profit (loss) of investments accounted for using the equity method 0.9 0.0 - 0.9 - - Profit before income taxes 1,317.6 590.0 - 727.6 - 55.2% - 120.0 Profit for the year attributable to owners of the parent 835.8 300.0 - 535.8 - 64.1% - 120.0 Earnings per share attributable to owners of the parent (Yen) 178.93 75.05 - 103.88 - 30.02 Market average rate (Yen) U.S. Dollar 153 145 - 8 + 5
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5 55 Dividends Dividend per Share (Yen) FYE March 31, 2026 Previous forecast FYE March 31, 2026 Revised forecast Change from previous forecast Interim Dividend 35 35 ₋ Year-end Dividend (35) (35) ₋ Fiscal Year (70) (70) ₋ * （ ) : Forecast *
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Fiscal First Half Year Ended September 30, 2025 Financial Results
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7 77 Six Months Ended September 30, 2025 : Honda Unit Sales Motorcycles Automobiles Power Products Honda Group Unit Sales Six Months Ended September 30 Six Months Ended September 30 Six Months Ended September 30 2024 2025 Change 2024 2025 Change 2024 2025 Change Japan 100 112 + 12 302 280 - 22 124 152 + 28 North America 269 273 + 4 836 856 + 20 482 473 - 9 Europe 265 225 - 40 48 43 - 5 252 312 + 60 Asia 8,861 9,068 + 207 521 424 - 97 652 600 - 52 Other Regions 887 1,085 + 198 72 77 + 5 143 162 + 19 Total 10,382 10,763 + 381 1,779 1,680 - 99 1,653 1,699 + 46 Change (%) + 3.7% - 5.6% + 2.8% * - 65 in China are included. Consolidated Unit Sales 6,960 7,108 + 148 1,396 1,362 - 34 1,653 1,699 + 46 * Unit (thousand)
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8 88 Six Months Ended September 30, 2025: Consolidated Financial Results Yen (billion) Six Months Ended September 30 2024 2025 Amount Change Sales revenue 10,797.6 10,632.6 - 164.9 - 1.5% Operating profit 742.6 438.1 - 304.4 - 41.0% Operating margin 6.9% 4.1% - 2.8 pt Share of profit (loss) of investments accounted for using the equity method - 20.7 10.8 + 31.6 - Profit before income taxes 741.9 527.4 - 214.5 - 28.9% Profit for the period attributable to owners of the parent 494.6 311.8 - 182.8 - 37.0% Earnings per share attributable to owners of the parent (Yen) 103.25 76.30 - 26.95 Market average rate (Yen) U.S. Dollar 153 146 - 7
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9 99 Six Months Ended September 30, 2025: Change in Operating Profit Six Months Ended September 30, 2025 Six Months Ended September 30, 2024 Operating Profit ( )- 304.4 - 41.0 ％ Yen (billion) 742.6 + 83.9 + 162.4 - 26.0 - 20.4 - 116.2 - 164.3 438.1 Operating Margin 6.9% Operating Margin 4.1% - 223.7826.2 Operating profit excl. one-time EV-related expenses and tariff impacts (estimate) Operating Margin 7.8% ・Provisions for losses and impairment on EVs being sold in the U.S. ・Write-offs of development assets for EV models due to lineup changes *1 Sales impacts *2 Price/Cost impacts *3 Expenses *4 Foreign currency effects Sales volume, model mix Incentive Finance Other + 68.4 + 0.6 + 22.0 - 7.1 Price revision Cost reduction, etc. + 170.0 - 7.6 Warranty Finance Other + 48.8 - 49.3 - 25.5 JPY / USD USD / Others (BRL, CAD, MXN) JPY / Asian currencies (INR, THB, VND, CNY, IDR) Other - 49.0 - 12.0 - 12.0 - 43.2 Sales impacts*1 R&DExpenses*3 Foreign currency effects*4 Price/Cost impacts*2 Tariff impacts One-time EV-related expenses ( )+ 83.6 + 11.3 ％Excl. one-time EV-related expenses and tariff impacts
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10 1010 upper: Six Months Ended September 30, 2025 Motorcycle Business Automobile Business Financial Services Business Power Products and Other Businesseslower: Six Months Ended September 30, 2024 Unit (thousand) Honda Group Unit Sales (Consolidated Unit Sales) 10,763 1,680 - 1,699 (7,108) (1,362) - (1,699) 10,382 1,779 - 1,653 (6,960) (1,396) - (1,653) Yen (billion) Sales Revenue 1,920.7 7,000.2 1,678.8 193.1 1,810.7 7,130.5 1,814.5 203.2 Operating Profit 368.2 - 73.0 143.2 - 0.2 325.8 258.0 162.7 - 3.9 Operating Margin 19.2% - 1.0% 8.5% - 0.2% 18.0% 3.6% 9.0% - 2.0% In the financial services business, Honda mainly provides retail lending and leasing to customers to support the sale of its automobile products. Operating profit from aircraft and aircraft engines included in above Yen (billion) - 16.7 - 19.0 Six Months Ended September 30, 2025: Sales Revenue/Operating Profit (Margin) by Business Segment
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11 1111 Six Months Ended September 30, 2025: Change in Operating Profit for Motorcycle Business 325.8 + 60.2 + 32.3 - 7.0 + 3.5 - 41.3 368.2 Operating Margin 18.0% Operating Margin 19.2% Operating Profit ( )+ 42.4 + 13.0 ％ Despite the negative foreign currency effects and other factors, operating profit increased mainly due to higher sales volume in Asia and South America. - 5.3 Yen (billion) Six Months Ended September 30, 2025 Six Months Ended September 30, 2024 *1 Sales impacts *2 Price/Cost impacts *3 Expenses Sales volume, model mix Incentive Other + 41.7 - 7.1 + 25.6 Price revision Cost reduction, etc. + 43.6 - 11.3 Warranty Other + 12.1 - 19.1 Sales impacts*1 R&DExpenses*3 Foreign currency effects Price/Cost impacts*2 Tariff impacts
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12 1212 Six Months Ended September 30, 2025: Change in Operating Profit for Automobile Business 258.0 - 24.5 + 130.0 + 33.8 - 24.4 - 64.0 - 73.0 Operating Margin 3.6% Operating Margin - 1.0% Operating Profit - 331.0 - 158.1 - 223.7308.8 Operating Margin 4.4% Yen (billion) Six Months Ended September 30, 2025 Six Months Ended September 30, 2024 Operating profit excl. one-time EV-related expenses and tariff impacts (estimate) ( )+ 50.8 + 19.7 ％ Excl. one-time EV-related expenses and tariff impacts Sales impacts*1 R&DExpenses*3 Foreign currency effects Price/Cost impacts*2 Tariff impacts One-time EV-related expenses ・Provisions for losses and impairment on EVs being sold in the U.S. ・Write-offs of development assets for EV models due to lineup changes *1 Sales impacts *2 Price/Cost impacts *3 Expenses Sales volume, model mix Incentive Other + 24.2 + 6.3 - 55.0 Price revision Cost reduction, etc. + 125.4 + 4.6 Warranty Other + 37.0 - 3.2 Despite the positive effect of price revisions and other factors, operating profit substantially decreased mainly due to one-time EV-related expenses and tariff impacts.
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13 1313 Yen (billion) Six Months Ended September 30, 2024 Six Months Ended September 30, 2025 Cash flows from operating activities + 886.1 + 871.3 Cash flows from investing activities - 513.8 - 110.7 Free cash flow + 372.3 + 760.6 Cash flows from financing activities - 524.5 - 548.6 Effects of exchange rate changes - 177.1 + 41.0 Net change of cash and cash equivalents - 329.3 + 252.9 Cash & cash equivalents at end of period 4,295.3 4,114.6 Cash and cash equivalents included in assets held for sale - 42.6 Cash & cash equivalents at end of period 4,295.3 4,072.0 Net cash at end of period 3,492.3 3,053.9 Operating cash flows after R&D adjustment* + 1,285.1 + 1,281.3 Cash Flows of Non-Financial Services Businesses * Cash Flows from operating activities (CFO) excluding R&D expenses (CFO of non -financial services businesses + R&D expenditures – amount transferred to development assets) (Excluding cash and cash equivalents included in assets held for sale) (Excluding cash and cash equivalents included in assets held for sale)
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Fiscal Year Ending March 31, 2026 Financial Forecast
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15 1515 Forecast for FYE March 31, 2026: Honda Unit Sales Motorcycles Automobiles Power Products Honda Group Unit Sales FYE March 31, 2026 Previous Forecast FYE March 31, 2026 Revised Forecast Change FYE March 31, 2026 Previous Forecast FYE March 31, 2026 Revised Forecast Change FYE March 31, 2026 Previous Forecast FYE March 31, 2026 Revised Forecast Change Japan 210 210 - 600 600 - 250 275 + 25 North America 535 545 + 10 1,680 1,570 - 110 970 990 + 20 Europe 400 415 + 15 90 85 - 5 700 700 - Asia 18,060 17,960 - 100 1,090 925 - 165 1,410 1,355 - 55 Other Regions 2,095 2,170 + 75 160 160 - 340 350 + 10 Total 21,300 21,300 - 3,620 3,340 - 280 3,670 3,670 - FYE March 31, 2025 Results 20,572 3,716 3,700 * - 90 in China are included. Consolidated Unit Sales 14,250 14,250 - 2,830 2,640 - 190 3,670 3,670 - Unit (thousand) *
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16 1616 Consolidated Financial Forecast for FYE March 31, 2026 Yen (billion) FYE March 31, 2025 Results FYE March 31, 2026 Revised forecast Amount Change Change from previous forecast Sales revenue 21,688.7 20,700.0 - 988.7 - 4.6% - 400.0 Operating profit 1,213.4 550.0 - 663.4 - 54.7% - 150.0 Operating margin 5.6% 2.7% - 2.9 pt - 0.6 pt Share of profit (loss) of investments accounted for using the equity method 0.9 0.0 - 0.9 - - Profit before income taxes 1,317.6 590.0 - 727.6 - 55.2% - 120.0 Profit for the year attributable to owners of the parent 835.8 300.0 - 535.8 - 64.1% - 120.0 Earnings per share attributable to owners of the parent (Yen) 178.93 75.05 - 103.88 - 30.02 Market average rate (Yen) U.S. Dollar 153 145 - 8 + 5
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17 1717 Forecast for FYE March 31, 2026: Change in Operating Profit 1,213.4 + 280.0 - 91.5 - 126.0 - 214.0 - 385.0 550.0 Operating Profit ( )- 663.4 - 54.7 ％ + 23.0 Operating Margin 5.6% Operating Margin 2.7% Semiconductor supply shortage impacts - 150.0 FYE March 31, 2025 Results FYE March 31, 2026 Revised Forecast Yen (billion) *1 Sales impacts *2 Price/Cost impacts *3 Expenses *4 Foreign currency effects Sales volume, model mix Incentive Finance Other + 71.5 - 28.5 + 29.7 - 49.7 Price revision Cost reduction, etc. + 246.5 + 33.5 Warranty Impact of the change in the estimation model for automobile product warranties Finance Other - 11.5 + 127.6 - 50.0 - 157.6 JPY / USD USD / Others (BRL, CAD, MXN) JPY / Asian currencies (INR, THB, VND, CNY, IDR) Other - 117.5 + 6.5 - 41.5 - 61.5 Sales impacts*1 R&D Expenses*3 Foreign currency effects*4 Price/Cost impacts*2 Tariff impacts
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18 1818 Forecast for FYE March 31, 2026: Change in Operating Profit 700.0 - 70.0 - - + 88.0 + 65.0 550.0 Operating Profit ( )- 21.4 ％ - 83.0 Operating Margin 3.3% Operating Margin 2.7% - 150.0 - 150.0 FYE March 31, 2026 Revised Forecast FYE March 31, 2026 Previous Forecast *1 Sales impacts *2 Price/Cost impacts *3 Expenses *4 Foreign currency effects Sales volume, model mix Incentive Finance Other - 24.0 - 48.5 - 4.3 - 6.2 Price revision Cost reduction, etc. - 50.0 - 20.0 Warranty Finance Other - 3.0 - 28.0 + 31.0 JPY / USD USD / Others (BRL, CAD, MXN) JPY / Asian currencies (INR, THB, VND, CNY, IDR) Other + 47.0 + 2.0 + 20.5 + 18.5 Yen (billion) Semiconductor supply shortage impacts Sales impacts*1 R&DExpenses*3 Foreign currency effects*4 Price/Cost impacts*2 Tariff impacts
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19 1919 Forecast for FYE March 31, 2026: Capital Expenditures/Depreciation and Amortization/R&D Expenditures *1 Capital expenditures as well as Depreciation in Results and Forecast shown above exclude investment in operating leases, right-of-use assets, and intangible assets. *2 Research and development expenditures are research and development activities related costs incurred during the reporting period. In accordance with IFRS, a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life. As such, this amount is not in conformity with “Research and development” on Consolidated Statements of Income. Yen (billion) FYE March 31, 2025 FYE March 31, 2026 Change Change from previous forecastResults Revised forecast Capital expenditures*1 537.4 660.0 + 122.5 + 20.0 Depreciation and amortization*1 456.1 400.0 - 56.1 + 3.0 Research and development expenditures*2 1,210.6 1,210.0 - 0.6 + 10.0
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Caution with Respect to Forward-Looking Statements: Accounting standards: Notice on the Factors for Increases and Decreases in Income: Unit sales: * Earnings per share attributable to owners of the parent is calculated based on weighted average number of shares outstanding as shown below: - Six Months Ended September 30, 2024 4,790,957,000 (approx.) , Ended September 30, 2025 4,087,038,000 (approx.) - Twelve Months Ended March 31, 2025 4,671,383,000 (approx.) , Forecast Ending March 31, 2026 3,997,274,000 (approx.) This presentation contains forward-looking statements about the performance and shareholders return of Honda, which are based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that Honda’s actual results could differ materially from those described in these forward-looking statements as a result of numerous factors, including general economic conditions in Honda’s principal markets and fluctuation of foreign exchange rates, as well as other factors detailed from time to time. Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). With respect to the discussion in this presentation of the changes, identified factors and used what it believes to be a reasonable method to analyze the respective changes in such factors. Analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries. (1) “Foreign currency effects” consist of “translation adjustments”, which come from the translation of the currency of foreign subsidiaries’ financial statements into Japanese yen, and “foreign currency adjustments”, which result from foreign-currency-denominated transaction. With respect to “foreign currency adjustments”, analyzed foreign currency adjustments primarily related to the following currencies: U.S. dollar, Japanese yen and others at the level of the Company and its material consolidated subsidiaries. (2) With respect to “Price and Cost impacts”, analyzed effects of changes in sales price, cost reductions, effects of raw material cost fluctuations and others, excluding foreign currency effects. (3) With respect to “Sales impacts”, analyzed changes in sales volume and in the mix of product models sold that resulted in increases/decreases in profit, changes in sales revenue of Financial services business that resulted in increases/decreases in profit, as well as certain other reasons for increases/decreases in sales revenue and cost of sales, excluding foreign currency effects. (4) With respect to “Expenses”, analyzed reasons for an increase/decrease in selling, general and administrative expenses from the previous fiscal year excluding foreign currency translation effects. (5) With respect to “Research and Development expenses”, analyzed reasons for an increase/decrease in research and development expenses from the previous fiscal year excluding foreign currency translation effects. Motorcycle Business Honda Group Unit Sales is the total unit sales of completed products, including motorcycles, ATVs, and Side-by-Sides of Honda, its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method. Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers, which consists of unit sales of completed products of Honda and its consolidated subsidiaries. Automobile Business Honda Group Unit Sales is the total unit sales of completed products of Honda, its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method. Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers, which consists of unit sales of completed products of Honda and its consolidated subsidiaries. Certain sales of automobiles that are financed with residual value type auto loans and other by our Japanese finance subsidiaries and provided through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business. Accordingly, they are not included in Consolidated Unit Sales, but are included in Honda Group Unit Sales of our Automobile business. Power Products Business Honda Group Unit Sales is the total unit sales of completed power products of Honda, its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method. Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers, which consists of unit sales of completed power products of Honda and its consolidated subsidiaries. In Power Products business, there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products.
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Appendix
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23 2323 [Reference] Six Months Ended September 30, 2025: Change in Operating Profit Operating Profit ( )- 304.4 - 41.0 ％ 742.6 - 42.4 + 162.4 - 34.2 - 109.6 - 116.2 438.1 Operating Margin 6.9% Operating Margin 4.1% - 164.3 *1 Sales impacts *2 Price/Cost impacts *3 Expenses *4 Foreign currency effects Sales volume, model mix Incentive Finance Other + 68.4 + 0.6 + 22.0 - 133.4 Price revision Cost reduction, etc. +170.0 - 7.6 Warranty Finance Other + 48.8 - 49.3 - 33.7 JPY / USD USD / Others (BRL, CAD, MXN) JPY / Asian currencies (INR, THB, VND, CNY, IDR) Other - 49.0 - 12.0 - 12.0 - 43.2 Sales impacts*1 R&D Expenses*3 Price/Cost impacts*2 Tariff impacts Yen (billion) Six Months Ended September 30, 2025 Six Months Ended September 30, 2024 Foreign currency effects*4
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24 2424 Three Months Ended September 30, 2025: Change in Operating Profit Operating Profit ( )- 63.9 - 24.8 ％ 257.9 - 31.4 + 93.8 + 40.9 + 4.1 - 30.0 - 39.6 193.9 Operating Margin 4.8% Operating Margin 3.7% - 101.7335.4 Operating Margin 6.3% Yen (billion) Three Months Ended September 30, 2025 Three Months Ended September 30, 2024 Operating profit excl. one-time EV-related expenses and tariff impacts (estimate) *1 Sales impacts *2 Price/Cost impacts *3 Expenses *4 Foreign currency effects Sales volume, model mix Incentive Finance Other - 48.1 + 1.0 + 11.5 + 4.2 Price revision Cost reduction, etc. + 84.1 + 9.7 Warranty Finance Other + 79.3 - 36.4 - 2.0 JPY / USD USD / Others (BRL, CAD, MXN) JPY / Asian currencies (INR, THB, VND, CNY, IDR) Other - 10.5 - 0.5 - 5.0 - 14.0 ( )+ 77.5 + 30.1 ％ Sales impacts*1 R&D Expenses*3 Price/Cost impacts*2 Tariff impacts One-time EV-related expenses Excl. one-time EV-related expenses and tariff impacts Foreign currency effects*4
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25 2525 Three Months Ended September 30, 2025 : Sales Revenue/Operating Profit (Margin) by Business Segment upper: Three Months Ended September 30, 2025 Motorcycle Business Automobile Business Financial Services Business Power Products and Other Businesseslower: Three Months Ended September 30, 2024 Unit (thousand) Honda Group Unit Sales (Consolidated Unit Sales) 5,620 841 - 871 (3,643) (677) - (871) 5,320 910 - 831 (3,510) (724) - (831) Yen (billion) Sales Revenue 969.1 3,456.3 846.1 100.3 873.0 3,625.9 875.1 98.3 Operating Profit 179.2 - 43.4 58.2 - 0.0 148.2 35.1 77.7 - 3.2 Operating Margin 18.5% - 1.3% 6.9% - 0.1% 17.0% 1.0% 8.9% - 3.3% In the financial services business, Honda mainly provides retail lending and leasing to customers to support the sale of its automobile products. Operating profit from aircraft and aircraft engines included in above Yen (billion) - 8.4 - 9.3
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26 2626 Compared with three months ended September 30, 2024: - 100.3 billion yen / - 1.9 % (Excluding foreign currency translation effects: - 47.2 billion yen / - 0.9 %)Three Months Sales Revenue 2024 2025 Change Change excluding currency translation effects Motorcycle Business 873.0 969.1 + 96.0 + 113.0 + 12.9% Automobile Business 3,552.9 3,384.8 - 168.1 - 138.5 - 3.9% Financial Services Business 873.8 845.3 - 28.4 - 22.0 - 2.5% Power Products and Other Businesses 92.9 93.1 + 0.1 + 0.4 + 0.4% Total 5,392.7 5,292.4 - 100.3 - 47.2 - 0.9% Market average rate (Yen) U.S. Dollar 149円 147円 Three Months / Six Months Ended September 30, 2025: Change in Sales Revenue (sales revenue from external customers） Compared with six months ended September 30, 2024: - 164.9 billion yen / - 1.5 % (Excluding foreign currency translation effects: + 265.7 billion yen / + 2.5 %)Six Months Sales Revenue 2024 2025 Change Change excluding currency translation effects Motorcycle Business 1,810.7 1,920.7 + 109.9 + 207.7 + 11.5% Automobile Business 6,987.5 6,859.4 - 128.1 + 135.9 + 1.9% Financial Services Business 1,811.8 1,676.9 - 134.9 - 70.1 - 3.9% Power Products and Other Businesses 187.3 175.5 - 11.8 - 7.9 - 4.2% Total 10,797.6 10,632.6 - 164.9 + 265.7 + 2.5% Market average rate (Yen) U.S. Dollar 153円 146円
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27 2727 Yen (billion) Three Months Japan North America Europe Asia Other Regions 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 Sales Revenue 1,333.4 1,300.6 3,305.6 3,120.6 235.1 246.6 1,185.1 1,185.3 276.6 330.7 Operating Profit - 0.9 - 19.9 81.8 76.5 5.1 - 6.0 102.8 103.6 42.4 55.0 Change - 18.9 billion yen - 6.4% - 11.2 billion yen + 0.8% + 29.8% Three Months / Six Months Ended September 30, 2025: Sales Revenue/Operating Profit by Geographical Segment Six Months Japan North America Europe Asia Other Regions 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 Sales Revenue 2,688.8 2,601.5 6,635.4 6,487.2 485.0 483.8 2,354.5 2,271.0 596.1 646.3 Operating Profit 129.5 - 28.9 286.8 138.8 7.0 1.3 228.8 216.2 93.5 103.7 Change - 158.5 billion yen - 51.6% - 81.0% - 5.5% + 10.9%
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28 2828 Fiscal First Half Year Ended September 30, 2025: Capital Expenditures/Depreciation and Amortization/R&D Expenditures Yen (billion) Three Months Ended September 30 Six Months Ended September 30 2024 Results 2025 Results Change 2024 Results 2025 Results Change Capital expenditures 86.3 111.4 + 25.1 177.8 202.4 + 24.5 Depreciation and amortization 109.4 106.0 - 3.4 230.1 213.0 - 17.1 Research and development expenditures 282.9 254.0 - 28.9 516.8 483.2 - 33.6
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29 2929 Six Months Ended September 30, 2025: Consolidated Statements of Financial Position Divided into Non-financial Services Businesses and Finance Subsidiaries Yen (billion) Assets FYE March 31, 2025 Six months Ended September 30, 2025 Liabilities and Equity FYE March 31, 2025 Six months Ended September 30, 2025 Cash and cash equivalents 3,861.7 4,072.0 Trade payables 1,591.0 1,433.0 Trade receivables 1,180.1 1,003.9 Financing liabilities 645.8 1,018.0 Inventories 2,464.7 2,430.5 Other liabilities 3,751.2 3,863.5 Investments accounted for using the equity method 1,242.6 1,219.5 Non-financial Services Businesses 5,988.3 6,314.6 Property, plant and equipment 3,196.0 3,109.9 Financing liabilities 11,085.5 11,597.3 Other assets 4,046.9 4,091.5 Other liabilities 1,649.8 1,610.0 Non-financial Services Businesses 15,992.2 15,927.8 Finance Subsidiaries 12,735.4 13,207.4 Cash and cash equivalents 667.0 563.2 Reconciling items - 575.7 - 270.2 Receivables from financial services 8,930.6 9,172.9 Total liabilities 18,148.0 19,251.8 Equipment on operating leases 5,748.1 5,998.1 Non-financial Services Businesses equity 10,003.9 9,613.1 Other assets 367.4 457.3 Finance Subsidiaries equity 2,977.8 2,984.2 Finance Subsidiaries 15,713.3 16,191.6 Reconciling items - 353.9 - 358.0 Reconciling items - 929.7 - 628.2 Total equity 12,627.8 12,239.3 Total assets 30,775.8 31,491.2 Total liabilities and equity 30,775.8 31,491.2
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30 3030 Yen(billion) QTD YTD (FYE March 31) FYE March 31, 2025 FYE March 31, 2026 Change Change (%)Segment Information 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2025 2026 Change Change (%)Results Results Sales Revenue Motorcycle Business 937.6 873.0 896.2 919.6 951.5 969.1 + 96.0 + 11.0% 1,810.7 1,920.7 + 109.9 + 6.1% Automobile Business 3,504.5 3,625.9 3,768.0 3,569.2 3,543.9 3,456.3 - 169.6 - 4.7% 7,130.5 7,000.2 - 130.2 - 1.8% Financial Services Business 939.3 875.1 848.6 849.0 832.6 846.1 - 28.9 - 3.3% 1,814.5 1,678.8 - 135.7 - 7.5% PP & Other Businesses 104.8 98.3 98.0 113.2 92.8 100.3 + 1.9 + 2.0% 203.2 193.1 - 10.0 - 5.0% Reconciling items - 81.6 - 79.8 - 79.9 - 91.1 - 80.6 - 79.6 + 0.1 - - 161.4 - 160.3 + 1.1 - 0.7% Total 5,404.8 5,392.7 5,531.1 5,360.0 5,340.2 5,292.4 - 100.3 - 1.9% 10,797.6 10,632.6 - 164.9 - 1.5% Operating Profit Motorcycle Business 177.6 148.2 175.8 161.7 189.0 179.2 + 31.0 + 21.0% 325.8 368.2 + 42.4 + 13.0% Automobile Business 222.8 35.1 144.5 - 158.7 - 29.6 - 43.4 - 78.6 - 258.0 - 73.0 - 331.0 - 128.3% Financial Services Business 84.9 77.7 82.2 70.6 85.0 58.2 - 19.5 - 25.1% 162.7 143.2 - 19.4 - 12.0% PP & Other Businesses - 0.7 - 3.2 - 5.3 - 0.0 - 0.2 - 0.0 + 3.1 - - 3.9 - 0.2 + 3.6 - 92.6% Total 484.7 257.9 397.3 73.5 244.1 193.9 - 63.9 - 24.8% 742.6 438.1 - 304.4 - 41.0% Operating profit from aircraft and aircraft engines - 9.7 - 9.3 - 9.3 - 10.5 - 8.3 - 8.4 + 0.8 - - 19.0 - 16.7 + 2.2 - 11.8% Sales Revenue/Operating Profit by Business Segment
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31 3131 Unit (thousand) Honda Group Unit Sales/Consolidated Unit Sales 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2025 Results 2026 Results Change 2025 Results 2026 Forecast Change Motorcycles 5,062 5,320 5,126 5,064 5,143 5,620 + 300 10,382 10,763 + 381 20,572 21,300 + 728 Japan 50 50 58 66 59 53 + 3 100 112 + 12 224 210 - 14 North America 132 137 144 135 142 131 - 6 269 273 + 4 548 545 - 3 Europe 138 127 96 114 122 103 - 24 265 225 - 40 475 415 - 60 Asia 4,275 4,586 4,355 4,262 4,284 4,784 + 198 8,861 9,068 + 207 17,478 17,960 + 482 Other Regions 467 420 473 487 536 549 + 129 887 1,085 + 198 1,847 2,170 + 323 Automobiles 869 910 1,038 899 839 841 - 69 1,779 1,680 - 99 3,716 3,340 - 376 Japan 141 161 159 169 124 156 - 5 302 280 - 22 630 600 - 30 North America 406 430 435 383 457 399 - 31 836 856 + 20 1,654 1,570 - 84 Europe 23 25 17 28 17 26 + 1 48 43 - 5 93 85 - 8 Asia 264 257 383 278 202 222 - 35 521 424 - 97 1,182 925 - 257 Other Regions 35 37 44 41 39 38 + 1 72 77 + 5 157 160 + 3 Power Products 822 831 863 1,184 828 871 + 40 1,653 1,699 + 46 3,700 3,670 - 30 Japan 46 78 65 89 62 90 + 12 124 152 + 28 278 275 - 3 North America 270 212 219 319 232 241 + 29 482 473 - 9 1,020 990 - 30 Europe 134 118 115 284 179 133 + 15 252 312 + 60 651 700 + 49 Asia 301 351 364 397 279 321 - 30 652 600 - 52 1,413 1,355 - 58 Other Regions 71 72 100 95 76 86 + 14 143 162 + 19 338 350 + 12 Consolidated Unit Sales Motorcycles 3,450 3,510 3,438 3,287 3,465 3,643 + 133 6,960 7,108 + 148 13,685 14,250 + 565 Japan 50 50 58 66 59 53 + 3 100 112 + 12 224 210 - 14 North America 132 137 144 135 142 131 - 6 269 273 + 4 548 545 - 3 Europe 138 127 96 114 122 103 - 24 265 225 - 40 475 415 - 60 Asia 2,663 2,776 2,667 2,485 2,606 2,807 + 31 5,439 5,413 - 26 10,591 10,910 + 319 Other Regions 467 420 473 487 536 549 + 129 887 1,085 + 198 1,847 2,170 + 323 Automobiles 672 724 737 707 685 677 - 47 1,396 1,362 - 34 2,840 2,640 - 200 Japan 120 139 138 142 103 135 - 4 259 238 - 21 539 505 - 34 North America 406 430 435 383 457 399 - 31 836 856 + 20 1,654 1,570 - 84 Europe 23 25 17 28 17 26 + 1 48 43 - 5 93 85 - 8 Asia 88 93 103 113 69 79 - 14 181 148 - 33 397 320 - 77 Other Regions 35 37 44 41 39 38 + 1 72 77 + 5 157 160 + 3 Power Products 822 831 863 1,184 828 871 + 40 1,653 1,699 + 46 3,700 3,670 - 30 Japan 46 78 65 89 62 90 + 12 124 152 + 28 278 275 - 3 North America 270 212 219 319 232 241 + 29 482 473 - 9 1,020 990 - 30 Europe 134 118 115 284 179 133 + 15 252 312 + 60 651 700 + 49 Asia 301 351 364 397 279 321 - 30 652 600 - 52 1,413 1,355 - 58 Other Regions 71 72 100 95 76 86 + 14 143 162 + 19 338 350 + 12 FYE March 31 Honda Group Unit Sales FYE March 31, 2025 QTD FYE March 31, 2026 Change YTD (FYE March 31)
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32 3232 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2025 Results 2026 Results Change Global HEV 204 217 231 246 225 229 + 12 420 455 + 35 PHEV 4 5 5 3 3 3 - 2 9 6 - 3 EV 6 22 30 19 18 32 + 10 28 49 + 21 FCEV - 0 0 0 0 0 + 0 0 0 + 0 Excluding China HEV 178 195 205 230 207 216 + 21 373 422 + 49 PHEV 1 1 0 1 1 1 + 0 1 2 + 1 EV 4 18 27 17 15 27 + 9 23 42 + 19 FCEV 0 0 0 0 0 0 + 0 0 0 + 0 YTD (FYE March 31) Electrified Automobile Retail Sales* FYE March 31, 2025 QTD FYE March 31, 2026 Change Unit (thousand) Electrified Automobile Retail Sales per Power Trains * Figures are based on information available at the time of Financial Results.